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Veeco Purchase Metal Organic Chemical Vapour Deposition Business

Veeco have just announced their acquisition of Emcore Corp’s TurboDisc® Metal Organic Chemical Vapour Deposition (MOCVD) business.

The transaction cost Veeco $60 million and covers the assets, designs and intellectual property of Emcore. Veeco will acquire Emcore’s manufacturing facility in New Jersey, USA along with approximately 120 staff.There is also a 2 year earn-out feature in the purchase contract which could be worth up to $20 million to Emcore if certain performance goals are reached.

The Emcore TurboDisc reactor systems are used for the growth of III-V compounds for numerous compound semiconductor applications. The TurboDisc technology is known for its unique high-speed rotating disc deposition technique, which is suited to high production rates. The system can be used for depositing semiconductor materials such as GaAs, AlGaAs, InP, InGaAlP, InGaN, SiC and GaN onto substrates.

The acquisition also strengthens Veeco’s position in the semiconductor market allowing them to be able offer a full range of applications requiring the high performance aspects of compound semiconductor technologies.

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